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$TENCENT shows sign of rebound with bottom formed$TENCENT shows sign of price bottoming on last Thursday with high volume supporting the price from going down lower. (Yellow square box) Based on our analysis, the rebound signals further sets in with price recover more than 50% of the Friday morning price fall. This indicating demand is coming back in after 2 weeks retrace & selling pressure easing. Which could lead to a price rebound in the coming weeks. Our trading method: we are looking into Bull CBBC on this potential short term rebound. #hkex #supplydemandtrading #supportresistancestrategy #cbbc #highriskhighreturn #stocktrading
HKEX:700Long
by ROUNDnSURGE89
Petrochina: Please reverse! 🔄Last week, the PetroChina share price continued its downward trend and has now reached the level at which it should form the low of the blue wave (iv) in our primary scenario. Consequently, it should soon stabilize and stop its downward movement. With the low in its pocket, a further rise is then on the cards to complete the turquoise wave 4. Only when this overarching movement is completed should stronger declines follow. However, there is also an alternative scenario with a fairly high probability of 40% that would come into effect if the sell-off continues into next week. In this case, the high of the turquoise wave alt.4 would already be in place and the price would be in the subsequent downtrend.
HKEX:857Long
by MarketIntel
CSPC - growth potential.Hi everyone. This is my first idea in English, I decided that it would be more convenient and would reach a large audience. Briefly for the English-speaking audience: I publish mid-term ideas with an average term of 2-3 months. Over the past month, 3 out of 8 ideas were successfully implemented, all overtook benchmarks with a profit of more than 10%, the rest of the ideas are in the process of implementation. Today I want to tell you about CSPC: What's interesting here? - Shares of CSPC Pharmaceutical are significantly undervalued from a fundamental point of view, despite the stable growth, a wide portfolio of assets and insignificant debt - they are very undervalued - The fall in stocks this year is explained both by the overall decline in Chinese stocks and the sector as a whole. At the same time, over the past month, a significant part of the sector's shares have already managed to recoup the part of the fall, while CSPC has not. Perhaps because before that the company performed better than the index. - A good technical picture on the weekly and daily TF, a lot of signals for growth. A potential exit zone for mid-term deal can be the zone 7.10-7.40$. P.S. I trade on the Etoro platform, where you can find me by the same nickname and see open trades or subscribe here.
HKEX:1093Long
by noneloquence
179 - 16 months ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
HKEX:179Long
by TheArtOfCharting
Xiaomi: Take a breath 😮‍💨Xiaomi stock struggled to continue its uptrend last week and is currently trading slightly lower. However, we see this as a normal counter-reaction to the strong price gains and part of the substructure of the magenta wave (y), whose top and thus the end of the same-colored wave (B) should be in sight further north. Therefore, we expect that the bulls will soon regain the upper hand and push the price a bit higher. The high should initiate a change in direction and start a significant downward movement.
HKEX:1810Long
by MarketIntel
China Life Insurance: Bounced back🎾After placing the low of the blue wave (ii) at the lower border of the orange target zone between $10.10 and $11.32, China Life Insurance's share price initially rose to the upper border of the target zone last week, gaining over 12%. However, the price has not yet been able to sustainably break out of the zone, causing it to bounce and fall again. As a result, entry opportunities remain within the zone on the long side, with stops placed around 1% below the lower border. We expect the price to rise well above the zone and cross the resistance at HK$15.84. Only an imminent break below the support level at HK$8.53 would diminish this outlook. This would activate the 33% probable alternative, which involves a lower low of the green wave alt.(2).
HKEX:2628Long
by MarketIntel
Warning was given to the greedy investors in ChinaRead this latest article here It appears that ample notice was given to greedy investors who bought excessive properties to turn around for quick profits and were caught with huge debts as the share price of this big property firm starts to collapse........... From 2009 to 2017, the share price was moving sideways, pretty boring and lack a strong buying reason. Then, it went up almost 90 degrees within a short period of time, 2017 and causing the CCP to make statements that properties are for living not for speculation. They must know how bad the situation are with all the data collected - listed companies debts, mortgages of its people, bank interest rates, number of uncompleted buildings, etc. The supplies are simply way over the demand........ Is it possible for an important sector like real estate that contributes a major % of China's GDP to be replaced by other sectors ? With no strong stimulus from the Government to provide more assurance support, I do not see how these big boys can come out from the dark. They are still heavily in debt and holds plenty of unbuild, partial completed buildings....... From an investor point of view, I will wait out though several tier 3 cities developers are offering properties like selling cabbage . Watch video here Unless you have lots of spare cash and are parking some at these properties to wait out the tide to turn, the video shows low employment opportunities in these backward cities. Can one possibly consider living in these places for long term when basic amenities are not fully equipped? Much more research need to be done than simply drawn to the ridiculously low price.
HKEX:2007
by dchua1969
Elevate Your Portfolio with Xinyi Solar: A Comprehensive TradingIn this exciting video, we're delving into a powerful trading idea centered around Xinyi Solar Holdings (XYSF). Xinyi Solar, a leading solar energy solution provider, presents a promising opportunity for traders seeking to maximize profits in the renewable energy sector. Join us as we dissect: 📈 A detailed breakdown of our innovative Xinyi Solar trading strategy. 📊 Crucial market indicators and signals to help pinpoint optimal entry and exit points Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct your own due diligence and consult with a financial advisor before making any investment decisions.
HKEX:968Long
by MoemenAwadalla
TENCENT(HK) : Midas Signal Appears with Big Green Bar1. Clear all drawings and indicators. 2. A horizontal resistance level, price reversed at here to form a false break (React Don't Predict). 3. Add BandofMidas from indicators. Use Midas factor of 9. (suitable for this chart) 4. Price fall into Midas zone and reversed. Midas signal came out today morning on 22Sep2023. 5. Midas trend line still in white. Hold position until pink trendline. 6. Plan your trade, risk reward ratio and position size. Cut loss is simply at today candlestick low.
HKEX:700Long
by MidasAlgo
1
HKEX-2382 - a good time to buy! (indicator Thewaved)The last signal to buy on this strategy was given September 15. The price of the asset at the time of entry into the trade was 61.4. Our goals for this trade are as follows. Take-Profit is set at 122.8. and Stop-Loss Order at 52.2 At the moment, the price is moving well in the signal direction, and we we have already had a profit of 2.61%. By the way, this happens quite often after the previous trade is closed by stop, so we opened the position with a good discount. And if we look back, what are we observing then several Long signals in a row - closed by stop-loss order and this gives a great probability of the descending trend reversal. In addition, at the entrance to the purchase, we have already had a great advantage over a huge number of investors. And the most important thing that I want to mention is that the price of the last entrance to the position is higher than the previous exit, and this almost always suggests that there will be a slight price reduction to remove the stop loss orders of other players who has a position at the moment. And such an action can take place several times. And now let's move on to the most important part, statistics. What do we see from the results The total income on strategy we have 437.28%. The percentage of profitable trades is not so important to us, since the general profit is satisfactory. The profit factor equals 1.979 and this is an excellent result. And all the closed trades in our strategy are 37.
HKEX:2382Long
by brandlabelden
1
Would you dare to buy Real Estate Stocks in China?WIthout the government stimulus, I think many of the Chinese Developers would go bankrupt.... Country Garden, the largest developer in China has peaked in 2018 at 18+ dollars and todate, it has dropped more than 97% of its share price to recover at a miserable 2.83 dollars. Financially, it is still on very shaky grounds as no one knows how long is stimulus would last. There are still many unresolved problems internally and externally. A large percentage of over hang and uncompleted projects in the entire China is still happening, probably creating a loss of confidence amongst investors. On the other hand, the zero Covid policy has also been a catalyst as well. Without able to get out of the house or return to office as normal, many things remain uncertain. Why would someone want to park their money in real estate when things appear so murky at this moment ? Thus, I think sales would take a fairly long time to recover and for investors confidence to return.....
HKEX:2007
by dchua1969
Is Tencent glorious days over ?Read this latest article here The main culprit can be attributed to the central government crackdown on the tech sector which almost kills the likes of Alibaba, Meituan and other listed tech companies. They have all suffered a fall in share prices of 50-65% from its peak. In Tencent case, the withdrawal of its largest shareholder sent shivers to many retail investors who had been a great fan and support of Tencent for a long time. Hedge funds and other investment banks are either pulling out or putting their brakes on investing in China. Nobody can read the mind of the Chinese government and their sudden and abrupt decision to interfere the private sectors to such a large extent had cause much commotion in the business community. Now, we hear the government is making a 180 degrees turn and declare they will be supporting the platform economy after slapping fines on both the two biggest companies , Alibaba and Tencent. Of course, we can understand how scary it must be if these private companies become a monopoly and with hundreds of millions of users, they can control the mind of these people. It is not something any government wants. So, naturally , the government wants to step in and have a say , to have some form of control before things get too big, too ugly to handle later. I will be watching closely 382 price level as that was the previous resistance level. Twice it has failed to break above (Jan and Apr 2023). Also, it will be releasing its quarterly earnings soon and that could be a catalyst for the share price to go higher. Let's wait and see, no hurry.....
HKEX:700Long
by dchua1969
Want to get your hand on EV stocks in China ?Read the latest articles here , here and here The weekly chart shows all 3 EV companies have broke out of its weekly bearish trend with Li Auto reaching its previous peak yesterday. The EV market dominated by China is one of the pillar that it wants to focus in the coming decades as evidenced by the extension of the NEV tax reduction (read here ) If you are not keen on buying auto companies, there are downstream players in the supply chain that you can consider , such as battery manufacturers or raw material suppliers (see here ) Please DYODD and make your own informed investing decision. All the best !
HKEX:9868Long
by dchua1969